MAUMEE,
Ohio, Dec. 10, 2024 /PRNewswire/
-- The Andersons, Inc. (Nasdaq: ANDE) announces the
appointments of Weston Heide and
Mark Simmons as Executive Vice
Presidents to lead the Agribusiness and Renewables segments,
respectively, effective January 1,
2025.
The shift to a two-segment operating and reporting structure is
designed to streamline operational efficiency, enhance
cross-functional collaboration, and drive growth. This structure
will support the company's focus on unlocking value across the
former Nutrient & Industrial and Trade segments to form the
Agribusiness segment. The Renewables segment will continue to
substantially operate as currently reported with an enhanced focus
on growth. Financial reporting for 2024 will remain under the
current structure, with the transition to the new structure
beginning Q1 2025.
"We are excited to simplify our organization to enhance our
ability to meet the evolving needs of our customers and
stakeholders," said President and CEO Bill
Krueger. "With the experience and leadership of Weston and
Mark, we are confident that this change will improve efficiency,
foster innovation, and enable us to deliver a seamless,
'one-company' experience."
Weston Heide joined The Andersons
in 2019 as part of its acquisition of Lansing Trade Group. He
currently serves as senior vice president of trade and processing
where he leads business units across commodity merchandising, grain
handling assets, specialty ingredients, and facility operations and
safety. Heide brings over 15 years of experience in the
agribusiness sector covering various corporate and commercial
roles.
Mark Simmons also joined The
Andersons in 2019 as part of the Lansing acquisition and currently
serves the role of vice president for the renewables business where
he is responsible for ethanol marketing, trading, and plant
originations. He began his career trading feed ingredients and
transitioned to renewable fuels in 2006, where he was integral in
the success of the ethanol trading business. Simmons has more than
25 years' experience in agriculture and the renewables industry and
throughout his career has held various trading roles in crude oil,
biodiesel, and refined products.
The two EVPs bring extensive expertise and a commitment to
operational excellence. Initially, they will oversee day-to-day
operations under the current framework as they transition to their
new roles. Their focus will be on partnering across the
organization to unify efforts, drive productivity, and position The
Andersons for long-term success.
About The Andersons, Inc.
The Andersons, Inc.,
named for 2024 to Forbes list of America's Most Successful Small
Companies, Newsweek's list of America's Most Responsible Companies,
and one of The Americas' Fastest Growing Companies by the Financial
Times, is a diversified company rooted in agriculture that conducts
business in the commodity merchandising, renewables, and nutrient
& industrial sectors. Guided by its Statement of Principles,
The Andersons is committed to providing extraordinary service to
its customers, helping its employees improve, supporting its
communities, and increasing the value of the company. For more
information, please visit www.andersonsinc.com.
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SOURCE The Andersons, Inc.
